Do I risk losing my job at WF if I file for bankruptcy?
14 replies (most recent on top)
You know, if you report your bankruptcy to Wells Fargo, you are giving them more ammunitions and excuses to lay you off, much quicker than other employees. Considering how Wells Fargo treats their employees, you might as well become a dead fish in the water.
You won't lose your job, but it's extremely important to report it. They actually take that more seriously than the event itself.
if you have a NMLSR unique identifier this could cause issues because individuals in this credential are expected to have sound financial judgment if you are advising customers on loan options, borrowing capacity, ability to repay, etc. You will be required to report the bankruptcy on your annual NMLSR renewal.
Wow!
If you are working in mortgage servicing, You might lose your job. There is a regulatory requirement for mortgage servicing employees to report personal financial issues every year. Also when you seek a new job with a new bank, they will always inquire your credit score during the background check.
I know quite a few individuals who work for WF who have filed for bankruptcy and didn't lose their jobs and even got promoted. You may not be able to get a job with another bank for a while after filing though.
I filed bankruptcy many years ago working in wholesale.....I had a WF credit card and possibly personal line of credit (?) that was included..... I was not fired.
I can understand why this would be an issue if you were looking for a new job. I don't believe you can be fired from your current job because you filed for bankruptcy.
You may. And then have difficulty finding another job with your low credit score. Try not to file if you can help it.
No -- You will be promoted as a stable genius who uses bankruptcy laws to enhance their financial leverage.
Maybe you could avoid filling for bankruptcy if you had better spelling.
In general, banks are not allowed to hire people with a low credit score or people who filed for bankruptcy. Banks consider those people as financially high risk individuals, not suitable for working at financial institutions. The regulators require certain LOBs to periodically monitor employees' financial status.
Depends if you have an LO role
Not always. What LOB?